The Ponzi scheme of the Global Game Arena has just collapsed. Now instead of them admitting that the platform actually run out of money, the admins have gone straight to blame the affiliate investors.
As if blaming the investors was not enough, who are in fact the victims in all this, the platform has gone ahead to hide the collapse behind the imaginary compliance.
The company is playing the victim
A serial scammer has run the platform referred to as Frode Jorgensen; it was found that the platform was a typical MLM Ponzi scheme within the crypto market.
The affiliates on the platform invested in the GGA points and with time they increased the inherent value of the GGA. The platform was working perfectly as long as there were new investors, as this means money is flowing in; thus as an investor, you were able to cash out quickly.
The company went ahead to announce to their affiliate investors that they are not about buying the 100 positions within the system or even by use of the bonus buying products to be able to qualify for the higher commissions, rewards, and ranks. With such behavior taking place in the platform it is destroying the industry, the company goes on to state.
As the company is clamping down on their business model, they have gone ahead to lock up all the funds that are currently in the system. The company has gone ahead to claim that they are in fact the victims to an amount of 16 euros and about 208,085,494 in the form of the GGA Tokens. And as you know the team behind the platforms is not going into specifics of all this.
What is clear is that the affiliate investors withdrew their money and the platform run out of money, and from this, they are pretending to be the victims in all this, and they are using the withdrawals as an excuse for them to exit the whole scam.
‘’We have to try to reset the system and try fresh as all problem areas has been identified and corrected, and we will not allow them to happen again. Now it’s important that you read the information below to fully understand how we will be moving forward.’’
What the company is planning on doing
It is clear that the play, in this case, is to reset the investments, which will, in turn, infuriate the affiliate investor base at the moment.
The company goes on to state that once they have been able to gain full control and they have been able to make the necessary adjustments, they will go ahead and partially release the funds they have locked, this will be done on a weekly basis. Thus, as an investor you will not have any available funds in your account to make any new purchases; therefore, you will need to load your account or just make some sales.
So what this really means is that the real money or the imaginary balances will only get released once an investment has been made. And for the affiliates that could be having more than one account, the company has stated that these funds attached to these accounts will automatically get disabled.
It might seem that the company will go ahead and just reboot itself, but in an actual sense, this is just a carrot on a stick approach. As no investor would go ahead and invest their money in a Ponzi scheme that has collapsed and one that seems to be holding some imaginary balances.
Thus, this has given Forde the out that he is looking for, because after a suitable time has passed all he has to do is throw in the towel, then go right back to blame the affiliates for not making the needed sales.